Global Power Seat Switches Market to Witness Robust Expansion by 2028

The global power seat switches market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period (2022-2028). Power seat switches are the switches integrated into the vehicle seats that are used to move the seats that are electrically operated. These switches can be used for the movement in various directions, including backward, forward, or height of the seat of road vehicles, aircraft, and others. The major factor attributing to the growth of the global power seat switches market includes the increasing number of air travel passengers across the globe. According to yearly global statistics provided by the International Civil Aviation Organization (ICAO), the number of air passengers carried by scheduled flights was around 4.38 billion across the globe in 2019, representing an increase of around 3.65% from the previous year. Additionally, according to the International Air transport Association (IATA), it is projected that the number of air passengers will get doubled and reach around 8.2 billion by the year 2037. Thus, increasing the demand for power seat switches in airplanes.

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The application of power seat switches is also increasing in the automotive industry for installation in passenger cars and commercial vehicles due to the increasing number of motor vehicle production across the globe. According to the 2021 Production Statistics report published by the International Organization of Motor Vehicle Manufacturers (OICA), around 80 million motor vehicles were produced across the globe in 2021. Among these, around 23 million commercial vehicles including light commercial vehicles and heavy commercial vehicles were manufactured and around 57 million passenger cars were produced in 2021. Thus, propelling the growth of the global power seat switches market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, Tesla started the installation of new seat motors in its Model 3 and Model Y vehicles. These seats are developed by Tesla and Yangfeng China that is equipped with features designed to prevent the overuse of seat adjustment controls.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Brog Warner Inc., Omron Corp., Marquardt Management SE, Tokai Rika Co. Ltd., and Toyodenso Co. Ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Power Seat Switches Market Report by Segment

By Application

Passenger Vehicles
Commercial Vehicles
Aircraft
Trains
Others

By Sales Channel

OEM
Aftermarket

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This release was published on openPR.